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An update from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group PLC has announced the purchase of 48,876 of its own ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This move is part of a broader strategy, having repurchased a total of 6,548,578 shares, which will adjust the company’s issued share capital to 235,517,721 shares, impacting the voting rights and potentially the share value, reflecting a strategic effort to manage capital and shareholder value.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Neutral.
Wickes Group’s overall stock score reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Wickes Group PLC operates in the home improvement industry, offering a range of products and services for home renovations and DIY projects. The company focuses on providing quality building materials, tools, and home improvement solutions to both professional contractors and DIY enthusiasts.
Average Trading Volume: 653,381
Technical Sentiment Signal: Buy
Current Market Cap: £517M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.